Trade Idea Update: GBP/USD - Sell at 1.3090 or buy at 1.2900

As cable has dropped again and broken below indicated support at 1.2996, adding credence to our view that the decline from 1.3445 is still in progress and further weakness to 1.2940-50 (1.618 times projection of 1.3347-1.3138 measuring from 1.3279 and 50% projection of 1.3279-1.2996 measuring from 1.3091), however, loss of momentum would limit downside

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